secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0001193125-21-333886
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean issues $1.5B in 0% convertible notes due 2026, repurchases $350M in stock
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- $1.5B aggregate principal of zero-coupon convertible notes due December 1, 2026; net proceeds ~$1.46B.
- Used $350M of proceeds to repurchase 2.9M shares at $119.01/share (last sale price on Nov 12, 2021).
- Initial conversion rate 5.6018 shares per $1,000 principal; conversion price ~$178.51 per share.
- Notes are senior unsecured, redeemable after Dec 2, 2024 if stock price exceeds 130% of conversion price.
- Remaining net proceeds earmarked for general corporate purposes and potential acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000119312521333886/0001193125-21-333886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000119312521333886/d183093d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-333886

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer